Legal Support for Financial Service Providers and FinTech Companies in Hungary and the in the EU
The digital transformation of the financial sector has created a new legal and regulatory environment in which FinTech service providers, banks, insurers, and technology companies face simultaneous risks relating to data protection, cybersecurity, financial regulation, and the use of artificial intelligence. The development of digital financial services – including crypto-assets, online payment solutions, automated credit assessment systems, and AI-powered recommendation systems – has resulted in complex compliance requirements.
In the area of FinTech and digital financial regulation, our aim is to provide clients with comprehensive legal and compliance support in connection with the DORA Regulation (Digital Operational Resilience Act) and other cybersecurity requirements, the MiCA Regulation (Markets in Crypto-Assets Regulation), as well as other regulatory requirements applicable to FinTech services and relevant data protection legislation.
For digital financial services, key risks include IT system failures, cyberattacks, exposure to third-party service providers, and transparency and accountability issues arising from AI-based decision-making. Managing these risks is no longer merely a technological challenge; it is also a matter of strict regulatory and legal compliance.
How can we help?
✅ DORA compliance and ICT risk management
Comprehensive legal and regulatory support to ensure digital operational resilience, including the development of ICT risk management frameworks, incident management procedures, and third-party and supplier risk management.
✅ MiCA regulation and crypto-asset legal compliance
Supporting crypto-asset service providers, token issuers, and FinTech companies in meeting the requirements of the MiCA Regulation.
✅ Legal support for payment services
Ensuring the legal and regulatory compliance of payment services and API-based financial solutions.
✅ Legal compliance of AI-based financial systems
Assessing and supporting the GDPR, EU AI Act, and financial regulatory compliance of credit assessment algorithms, fraud detection systems, and AI-powered recommendation systems.
✅ Legal support for cybersecurity and incident management
Support with incident reporting, communications with regulatory authorities, and legal advice in crisis management situations.
✅ Data protection compliance in the financial sector
GDPR compliance, data processing structures, customer profiling, and legal support relating to the processing of financial data.
✅ Regulatory audits and representation before authorities
Legal representation in regulatory and supervisory proceedings.
Typical issues we help clients address
- Supporting compliance with legal requirements applicable to services provided by financial intermediaries and their intermediary subcontractors
- Supporting the legal compliance of FinTech applications and preparing the relevant legal documentation
- Advising on the implementation of partner programmes and referral systems
- Support with DORA implementation
- Advising on issues relating to customer profiling
- Advising on cyberattacks, data breaches, and incident management obligations, including representation before regulatory authorities
- Supporting compliance with the MiCA Regulation
- Advising on risk exposure arising from third-party service providers (e.g. cloud, SaaS, and FinTech providers), including the preparation and review of contractual documentation
Why choose us?
In the field of FinTech and digital financial regulation, knowledge of the law alone is not sufficient: effective compliance also requires a thorough understanding of technology, cybersecurity, and operational processes. Our expert team supports clients through an integrated approach that combines financial regulatory, data protection, and IT risk management considerations.
We offer flexible forms of cooperation, including project-based legal advice, ongoing compliance support, and legal representation in regulatory proceedings.